Who is Cicley Gay? New BLM chair set to manage its finances has been BANKRUPT THREE TIMES
The Black Lives Matters Global Network Foundation appointed its new executive, Cicley Gay, 44, a non-profit advisor to deal with its financial scandal in April. Apparently, Gay, the appointed executive to manage finances, failed her own personal finances and filed for Chapter 7 bankruptcy in 2005, 2013, and 2016, federal court records show.
Her most recent filing, from August 2016, showed Gay had more than $120,000 in debts, including owing $55,000 in student loans — from her time studying at Liberty University in Virginia and the University of Kansas — and more than $18,000 for leasing a Lincoln MKZ sedan. She also claimed to have $7,000 in medical expenses and owed $8,000 to two Christian schools, according to the records.
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Georgia federal judge tossed out Gay’s 2013 application for protection because she failed to pay the court’s administrative fee of $306. And Gay answered “No” when asked if she had registered a business within four years of filing for bankruptcy in 2016, according to the documents — but Georgia state records show that in October 2015 she founded The Amplifiers, a public relations and consulting firm. Gay was able to get most of her debts “discharged” in 2017, the bankruptcy records state, though it’s unclear under what terms.
Because of the previous controversies over the use of millions of dollars in donations, Black Lives Matter quietly changed its leadership staff in April this year. Former executive director Patrisse Cullors resigned from BLM in May 2021 amid scrutiny of her personal real estate purchases. In October 2020, when she was still in charge of the charity, BLM purchased a $6 million Los Angeles mansion in cash and then took steps to conceal the purchase from the public.
The organization took in $90 million of donations in 2020 in the wake of George Floyd’s murder while in the custody of Minneapolis police. It was recently reported that Cullors used the BLM mansion for two private and personal parties. While she and BLM insisted she pay a rental fee for the use of the property, the revelation shone a negative light on the organization.
Recently, a filing from BLM shows that the foundation currently has $42 million in assets. The Black Lives Matter Global Network Foundation Inc. reports that it invested $32 million in stocks from the $90 million it received as donations amid racial justice protests in 2020. It ended its last fiscal year – from July 1, 2020 to June 30, 2021 – with nearly $42 million in net assets. The foundation had an operating budget of about $4 million, according to a board member.
The filing also revealed that Cullors reimbursed BLM $73K for a charter flight and paid the foundation $390 for private use of its $6M Los Angeles mansion
— 🇺🇸🇺🇸princss6 #Reparations (@princss6) May 17, 2022
“No one expected the foundation to grow at this pace and to this scale,” said Gay, chairwoman of the board of directors, in a statement to The New York Times. “Now, we are taking time to build efficient infrastructure to run the largest Black, abolitionist, philanthropic organization to ever exist in the United States.”
As mentioned by the Black Lives Matter Foundation, Gay has over 20 years of nonprofit and philanthropic experience. "Cicley built the grant allocations process and programmatic infrastructure of a multi-million-dollar national mentoring initiative for Black children and was the founding director of Students Take Action for New Directions, educating students on the impact of federal budget priorities on local communities.".
